HIFS REVISITED (Post Q4 earnings)

HIFS REVISITED after 3 federal reserve cut

State of Moat: Wise plc.

End of 2024 Portfolio

Scoring table

Amazon year end review 2023

The State of Moat: From A to Z - starting with Adyen

End of 2023 Portfolio

Kamigumi: Noticeable Large Buybacks

FLASH update on Celsius Q3 results

Tonnellerie Francois Frères: French Oak Barrels Extravaganza

1H update on Takeuchi

Tonnellerie Francois Frères: High moat company at discount: Tonnellerie Francois Frères or TFF group (EPA:TFF) is the #1 manufacturer of wine and alcool barrels (and oak staves), it has a wide moat and trading at a discount to historical valuation

Takeuchi and the Wolfpack 21!: Takeuchi is the current alpha of the wolfpack 21. Analysing the wolfpack 21 in terms of cash reserve, valuation and growth. Takeuchi is on top!

Dollarama - The Dominant Dollar Store in Canada: Republishing this post which was originally part of a year end portfolio review

Infrastructure: North American Cement and Aggregates Producers Review: Going though key operating Indicators and valuations of North American peers to Monarch Cement i.e. producers of cement and aggregates: Vulcan, Martin Marietta, CRH, Summit Materials

Japanese Stocks Series Part III - Keihin $9312 and Tonami $9070 two value Logistic Companies operating in Japan: Going through 5 attractive Logistics company in Japan in the aftermath of both Clasquin and Bolloré Logistics being taken out by MSC and Hitachi Transport Systems by KKR

$MCEM Monarch Cement: A superior cement business: This article dissects $MCEM's superior cement business where operating earnings has risen 11x in the last 10 years. Is it pricing, volume, margin? Acquisition driven?

A timeline of the Top 15 Holdings and the 50% drawdown Test!: The following chart shows a timeline based on the year of acquisition of the current top 15 holdings

Takeuchi $6432 against Kubota - David is winning all the way to Goliath: We will analyze a hidden Japanese champion in the compact excavator and loader products and compare it with a much larger and well know Japanese champion Kubota. A David versus Goliath comparison. A small cap against a large cap of Japan. Kubota has a much broader product line up and 15x larger in terms of sales. We will compare companies in terms of:

Kamigumi $9364 - A Leading Port Infrastructure play in Japan: Kamigumi is one of the most important port infrastructure company in Japan with a leading share in the top 6 ports in Japan. It is valued attractively and provides a very good shareholder yield.

Portfolio Shuffling in January: The deep portfolio review of the top 10 positions done last month plus the Logistec buyout gave me the opportunity to shuffle around funds of my top 15 holdings

2023 Portfolio review - Part2: Position 6 to 10: Canadian staple retail Dollarama, US bank HIFS, argentinian e-commerce MercadoLibre, Canadian distributor Richelieu Hardware and French distributor Groupe Thermador

Industry Focus and 2023 portfolio review - Part1: Wintergems is now totally free plus Industry focus and 2023 portfolio review - Part 1 (detailed review of position 1 to 5)

Japanese Stocks Series Part II - AIT Corp $9381 and other Attractive Logistics Companies operating in Japan: Since both Clasquin and Bolloré Logistics are being taken out by MSC and Hitachi Transport Systems by KKR in Japan this year, buying attractively priced Logistics stocks could be opportunistic